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Many people dream of an idyllic retirement, spending more time with the grandchildren, longer holidays, more time in the garden or on the golf course, but a new survey reveals most people are unprepared for their ‘golden years’ and many have never even discussed retirement with their partner.
The Prudential surveyed nearly 2,000 adults, over the age of 40 and the results were frankly alarming:
1 in 5 women over the age of 40 will rely on their ...
Many people dream of an idyllic retirement, spending more time with the grandchildren, longer holidays, more time in the garden or on the golf course, but a new survey reveals most people are unprepared for their ‘golden years’ and many have never even discussed retirement with their partner.
The Prudential surveyed nearly 2,000 adults, over the age of 40 and the results were frankly alarming:
1 in 5 women over the age of 40 will rely on their ...
November 4th, 2013
Shocking new figures have revealed that around 20% of people are retiring, despite the fact they are still in debt.
The figures from the Prudential show that 1 in 5 retirees still have personal loans, credit cards or mortgages outstanding when they finish work, with the average debt totalling £31,200.
As shocking as these figures might be, they are actually a slight improvement on last year, when the average amount of debt, for people retiring whilst still owing money, was £38,200.
Retiring with debt
Experts believe there ...
January 24th, 2013
New research by Prudential has shown that the gap between men and women’s retirement income is narrowing. However this is not because retirement incomes for women are rising, but because they are falling for men.
The research showed that the average retirement income, from all sources of pension, is £15,500 per year; this figure has fallen by £1,100 over the past year alone and is now at a five year low.
Pension gender gap
Perhaps unsurprisingly men have a higher average pension income than women....
June 8th, 2012
New research from the Prudential has found that 40% of people who plan to retire this year would like to continue to work.
The poll of 1,000 people found that the main reason for wanting to stay in work was to remain “physically healthy and mentally active”. Other people simply did not like the idea of retiring and staying at home.
“New retirement reality”
Our advisers can help you make the right decision...
May 2nd, 2012
